Rubex Developments Ltd

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rubex developments ltd Company Information

Company Number

04108524

Next Accounts

Dec 2025

Directors

Garfield Reece

Shareholders

garfield reece

anne e. reece

Group Structure

View All

Industry

Development of building projects

Registered Address

8 matthews green road, wokingham, berkshire, RG41 1JU

Website

www.rubexproperties.co.uk

rubex developments ltd Estimated Valuation

£142.3k

Pomanda estimates the enterprise value of RUBEX DEVELOPMENTS LTD at £142.3k based on a Turnover of £424.7k and 0.34x industry multiple (adjusted for size and gross margin).

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Rubex Developments Ltd is a live company located in berkshire, RG41 1JU with a Companies House number of 04108524. It operates in the development of building projects sector, SIC Code 41100. Founded in November 2000, it's largest shareholder is garfield reece with a 52% stake. Rubex Developments Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £424.7k with low growth in recent years.

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Pomanda's financial health check has awarded Rubex Developments Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £424.7k, make it smaller than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6%)

EXPORT

Rubex Developments Ltd's latest turnover from March 2024 is estimated at £424.7 thousand and the company has net assets of -£113.5 thousand. According to their latest financial statements, Rubex Developments Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	424,694	423,582	469,795	387,125	366,619	316,568	218,587	92,162	60,657	49,056	44,804	59,711	62,590	92,222	42,725
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	386,355	383,801	428,784	352,675	329,375	283,046	194,736	81,353	53,916	43,675	39,934	53,360	56,371	82,713	38,351
Gross Profit	38,338	39,780	41,011	34,450	37,244	33,522	23,851	10,809	6,740	5,381	4,871	6,351	6,219	9,509	4,374
Admin Expenses	52,652	12,666	71,681	65,637	64,745	31,392	4,566	38,469	25,172	8,968	6,177	19,011	8,248	-4,510	-3,771
Operating Profit	-14,314	27,114	-30,670	-31,187	-27,501	2,130	19,285	-27,660	-18,432	-3,587	-1,306	-12,660	-2,029	14,019	8,145
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	12	63	69	94	154	144	92	38
Pre-Tax Profit	-14,314	27,114	-30,670	-31,187	-27,501	2,130	19,285	-27,648	-18,369	-3,518	-1,212	-12,506	-1,885	14,111	8,183
Tax	0	-5,152	0	0	0	-405	-3,664	0	0	0	0	0	0	-3,951	-2,291
Profit After Tax	-14,314	21,962	-30,670	-31,187	-27,501	1,725	15,621	-27,648	-18,369	-3,518	-1,212	-12,506	-1,885	10,160	5,892
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,314	21,962	-30,670	-31,187	-27,501	1,725	15,621	-27,648	-18,369	-3,518	-1,212	-12,506	-1,885	10,160	5,892
Employee Costs	96,538	92,099	89,120	86,952	86,963	85,361	42,141	41,464	40,335	38,505	37,046	35,744	34,966	33,984	33,720
Number Of Employees	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1
EBITDA*	-14,314	27,114	-30,670	-31,187	-27,501	2,130	19,285	-27,660	-17,541	-2,504	37	-10,994	40	16,588	8,998

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,956	2,338	2,798	2,036	2,468	2,021	2,491	3,072	3,791	4,564	5,647	6,990	8,656	10,725	3,941
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,956	2,338	2,798	2,036	2,468	2,021	2,491	3,072	3,791	4,564	5,647	6,990	8,656	10,725	3,941
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	65,115	72,063	73,041	66,910	68,703	68,238	36,109	2,549	1,590	2,935	3,551	2,132	3,160	15,785	4,854
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	191	255	12,253	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	9,707	15,663	11,792	25,665	36,065	21,514	15,329
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	65,306	72,318	85,294	66,910	68,703	68,238	36,109	2,549	11,297	18,598	15,343	27,797	39,225	37,299	20,183
total assets	67,262	74,656	88,092	68,946	71,171	70,259	38,600	5,621	15,088	23,162	20,990	34,787	47,881	48,024	24,124
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	172,938	164,871	199,133	157,687	128,693	100,276	70,342	52,893	35,882	25,410	20,441	33,026	33,614	31,872	18,132
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	172,938	164,871	199,133	157,687	128,693	100,276	70,342	52,893	35,882	25,410	20,441	33,026	33,614	31,872	18,132
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,400	1,400	1,400	1,300	1,250	1,250	1,250	1,200	0	0	0	0	0	0	0
other liabilities	6,002	7,077	8,126	0	0	0	0	0	0	0	0	0	0	0	0
provisions	372	444	531	387	469	473	473	614	544	721	0	0	0	0	0
total long term liabilities	7,774	8,921	10,057	1,687	1,719	1,723	1,723	1,814	544	721	0	0	0	0	0
total liabilities	180,712	173,792	209,190	159,374	130,412	101,999	72,065	54,707	36,426	26,131	20,441	33,026	33,614	31,872	18,132
net assets	-113,450	-99,136	-121,098	-90,428	-59,241	-31,740	-33,465	-49,086	-21,338	-2,969	549	1,761	14,267	16,152	5,992
total shareholders funds	-113,450	-99,136	-121,098	-90,428	-59,241	-31,740	-33,465	-49,086	-21,338	-2,969	549	1,761	14,267	16,152	5,992

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-14,314	27,114	-30,670	-31,187	-27,501	2,130	19,285	-27,660	-18,432	-3,587	-1,306	-12,660	-2,029	14,019	8,145
Depreciation	0	0	0	0	0	0	0	0	891	1,083	1,343	1,666	2,069	2,569	853
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,152	0	0	0	-405	-3,664	0	0	0	0	0	0	-3,951	-2,291
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-7,012	-12,976	18,384	-1,793	465	32,129	33,560	959	-1,345	-616	1,419	-1,028	-12,625	10,931	4,854
Creditors	8,067	-34,262	41,446	28,994	28,417	29,934	17,449	17,011	10,472	4,969	-12,585	-588	1,742	13,740	18,132
Accruals and Deferred Income	0	0	100	50	0	0	50	1,200	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-72	-87	144	-82	-4	0	-141	70	-177	721	0	0	0	0	0
Cash flow from operations	693	589	-7,364	-432	447	-470	-581	-10,338	-5,901	3,802	-13,967	-10,554	14,407	15,446	19,985
Investing Activities
capital expenditure	382	460	-762	432	-447	470	581	719	-118	0	0	0	0	-9,353	-4,794
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	382	460	-762	432	-447	470	581	719	-118	0	0	0	0	-9,353	-4,794
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-1,075	-1,049	8,126	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	12	63	69	94	154	144	92	38
cash flow from financing	-1,075	-1,049	8,126	0	0	0	0	-88	63	69	94	154	144	92	138
cash and cash equivalents
cash	0	0	0	0	0	0	0	-9,707	-5,956	3,871	-13,873	-10,400	14,551	6,185	15,329
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-9,707	-5,956	3,871	-13,873	-10,400	14,551	6,185	15,329

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RUBEX DEVELOPMENTS LTD group structure

Rubex Developments Ltd has no subsidiary companies.

Ultimate parent company

RUBEX DEVELOPMENTS LTD

04108524

RUBEX DEVELOPMENTS LTD Shareholders

garfield reece	52%
anne e. reece	48%

Rubex Developments Ltd currently has 1 director, Mr Garfield Reece serving since Nov 2000.

officer	country	age	start	end	role
Mr Garfield Reece	England	65 years	Nov 2000	-	Director

P&L

March 2024

turnover

424.7k

operating profit

-14.3k

gross margin

9.1%

-3.88%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

-113.5k

+0.14%

total assets

67.3k

-0.1%

cash

net assets

Total assets minus all liabilities

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company number

04108524

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

November 2000

ultimate parent company

None

previous names

rubex energy limited (March 2019)

rubex limited (August 2009)

address

8 matthews green road, wokingham, berkshire, RG41 1JU

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rubex developments ltd Company Information

rubex developments ltd Estimated Valuation

rubex developments ltd Estimated Valuation

rubex developments ltd Estimated Valuation

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